Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-29
ON CHANGE.
Spot Cotton Fractions and Futures from
One to Four Points Lower.
Money Market Easy.
Wheat Opened Strong, Rluctuated Mar
rowIy and CLOSED at an AdvaDce-LiYe
Stock Transactions Brisk.
Daily Review.
GAZETTE OFFICE, }
FORT WORTH, TEX, June IS, 1857.

GAZETTE OFFICE,
FORT WORTH, TEX, June IS, 1857.
Trade was fair average to-day in al
lines.
Meats have advanced &c and ere firm at
the advanced figures.
Coffee has weakened and declined Ic
per pound.
New wheat now coming in is very fine
Fort Worth is the best wheat market in
the state, paying from to 10 cents more
per bushel than other places.
New oats are in the market in consid-
cradle quantity and sell at 25@273c pei
bushel.
THE STATE OF TRADE.
Special kilograms to- Bradstreet's do
not point to any improvements in condi-
tions affecting general trade. The ex-
cellent crop prospects in the vicinity CT
Quincy, H., Omaha, Dallas, Tex, and
Galveston, have stimulated demand from
the interior at those points, but at few
other cities is an increase in the volume
of business noted. Trade at Pittsburg is
fairly good, but unsettled. Late strikes,
and those promised, have caused better
demand for bar iron there, but prices are
no better with 1900 ,95c. the ruling
rate. At Kansas City The volume of trade
is smaller than last week, but, of course,
in excess of one year ago. Boston, New
York and Philadelphia all report the GUS
tOmary commercial quiet at this season
Chicago's volume of trade has equaled
the totals for late weeks, and is materially
above the record ye6r ago.
Total bank clearings at thirty-eight
ISities for the week, as wired to Brad
Etreet's, aggregate 1915, 900, 900, against
Isl ,032, 3lS, 800 week ago, q loss of per
cent. As compared with the correspond
ing week in 1886, when the total was
1929 ,66l ,7S3, the gain is q per cent.
Leading domestic money markets have
been Gctive and somewhat firmer. At
Beston it was stringent, with higher rates.
AT Chicago rates ranged higher, with
loans carefully scrutinized. The strength
of one of the banks there to withstand
losses through claims on the
Fidelity Bank OF Cincinnati did
much to steady the money markets
az the west. Most of the wheat held by
Chicago banks IS collateral has been sold
since last Saturday, and large quantities
are being shipped daily and bauk loans
Cancelled. The Fidelity bank failure pro-
duced an unsettled feeling in both the
money and stock markets. Loaning rates
rose and stock values declined through
the week. till on Friday the excitement in
Wall stre ct eliminated in panicky feeling
aud liquidation, in which prices declined
all around and loan rates rose to Z per
cent. per day, the closing rate being / per
cent. per day. There was recovery in
stocks and steadier feeling at the close.
Foreign exchange fell to a figure below
the gold-importing point.
The exhibit of the gross railway earn
ings per mile included in Bradstreet's
May report shows that while earnings
per mile for May, 1887, increased sc per
cent, over May, 1856, and 81 per cent.
over May, 1885, they fall 420 per cent.
below those of May, 1884, For the first
five months Of the year earnings per mile
- per cent. over 1856, per
cent. over 1885, but only , per cent.
over 1851 Bradstreet's.